Core Projects are set to help launch a landmark new masterplanned community in Wallan.
St Hilaire is the largest single landholding to go under development in the Wallan South Precinct Structure Plan, comprising 80 per cent of the total area.
The project will become home to 18,000 residents and will include more than 6000 residential lots in the area south of Wallan, to the west of the Northern Highway.
Core Projects say the new community is set to provide economic activity estimated to be $1 billion in the next 20 years.
Developed by Whittlesea-based developer and landowners Crystal Group, the project is headed by sisters’ Lisa Belokozovski and Celina Mott.
Drawing on their overseas experiences, the Crystal Group is looking to deliver a new benchmark in masterplan community and have procured a team of industry leaders to help achieve its goal.
Core Project co-chief executive Nicki Hay said St Hilaire was poised to become a leading community in the north.
“We are really excited to be working with such a visionary developer partner who isn’t afraid to do things differently,” she said.
“With the future residents of St Hilaire at the centre of decision making and a high degree of thought placed into every detail.”
As Melbourne’s northern fringe extends, demand for the region continues to grow.
Ms Hay said new parcels of land were becoming available, and the scope for new communities was continuing.
“One of the positives of the pandemic has been the ability for people to work from home more easily, which continues to add fuel to the already strong performance of the outer suburban ring,” she said.
Core Projects provided the following statistics on the performance of the northern fringe:
The past six months in the north has seen a 80.7 per cent increase in total sales, with 3088 sales, previous to that it was 1708 sales.
The gross sales for February was 88 per cent higher than the past 12 month average, with 725 sales in February 2021, and the 12-month average being 385 sales. Median sold price: $316,500; median size: 392m2.
• The Crystal Group is owned by the Mott family, the same owner of the Review.